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2025 Mortgage-Free Wannabes

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Comments

  • BridgetTheCat
    BridgetTheCat Posts: 146 Forumite
    100 Posts Photogenic Name Dropper
    edited 23 July at 10:15PM
    Another £7400 into the savings account yesterday. I’m extremely grateful to mum & dad (spending their money to avoid IHT 🤣).

    July total is now £7981.10

    Edit: forgot to add my number #41
  • carboot_karaoke
    carboot_karaoke Posts: 316 Forumite
    100 Posts Second Anniversary Photogenic Name Dropper
    edited 23 July at 5:55PM
    Afternoon all, #31

    Final July overpayment of £340. 
    Total for July £3,200
    YTD £23,900.

    Many thanks @julicorn

    MFW
    Opening Mortgage Balance 
    16/06/2024 - £99569.04 term remaining 80 months (Feb 2031) 

    Current Balance £36,600

    MFW 2025 #31 £26,400 / £28,000 OP

    MFIT - T7 £26,400 OP

    0%CC May 2027-  £2,400

    Grocery Challenge 
    Jan £387.89 / Feb £ 355.67 / Mar £418.63 / Apr £478.37 / May £426.52 / June £376.18 / July £462.54+£103.32 entertaining / 

    The final countdown to June 2026 - Page 4 — MoneySavingExpert Forum


  • Jemma01
    Jemma01 Posts: 397 Forumite
    Fourth Anniversary 100 Posts Name Dropper
    edited 25 July at 8:11AM

    #46 can I please add 5k for July

    Thanks 

    Note:
    I'm FTB, not an expert, all my comments are from personal experience and not a professional advice.
    Mortgage debt start date = 25/10/2024 = 175k (5.44% interest rate, 20 year term)
    Q4/2024 = 139.3k (5.19% interest rate)Q1/2025 = 125.3k (interest rate dropped from 5.19% - 4.69%)
    Q2/2025 = 108.9K (interest rate 4.44%)
    Q3/2025 = 98.5k (interest rate dropped from 4.44% to 4.19%)
  • V3cash
    V3cash Posts: 301 Forumite
    Eighth Anniversary 100 Posts Name Dropper Photogenic
    #68 £50 OP for July please 

    2025-26 MFW Target #68 £13,500

    £378.07 left to pay from 10% overpayment allowance, (July26).

    Mortgage  free Aim July 2027.
    July 25 £57,000, £56950
    August 25 £56,400

    house improvement/holiday £2500/5000

    Barclaycard £5800 (0%) Deal ends April 2026

  • Jessy103
    Jessy103 Posts: 2,256 Forumite
    Eighth Anniversary 1,000 Posts Name Dropper Photogenic
    Hi, 

    No. 12 with an overpayment of £1987.82 for July.

    Thanks 🙂
    Mortgage Balance as of July 2025 £14,900.
    Starting Mortgage Balance (June 2019) £72,000.
    Aiming to be mortgage free by my 40th birthday, June 2026!
  • t4mof
    t4mof Posts: 266 Forumite
    Part of the Furniture 100 Posts Name Dropper Combo Breaker
    #36 with July’s total of £2300. Thanks @julicorn
    CC Debt at LBM Nov 08 - £25000+ DFD Dec 2012
    Second DFD May 2021
    Starting my MFW journey: Opening Balance: £138,000; July 2019: £135107.33; July 2024 £52974.60; July 2025 £11140.23
    2025 MFW #36
  • SuperSavingD
    SuperSavingD Posts: 569 Forumite
    Fifth Anniversary 500 Posts Name Dropper
    #5 £220 total for July 2025, another feeling the sting of school holidays.  

    Thank you Julicorn
  • seventh88
    seventh88 Posts: 129 Forumite
    Part of the Furniture 100 Posts Name Dropper Combo Breaker
    Hi @julicorn thanks for continuing to record the challenge for us all, it's amazing to see we're nearly half a million in - that's incredible! No 39 here, please could you add £616 for august for me, bringing the total to £3905 for this year I think.
     Debt = £8017/£8017 (100% paid - cleared 26th August 2020) Boiler Fund = £2500/£2500 (100% saved - 26th August 2021)Emergency fund = £5000/£5000 (100% saved - 5th Jan 2025) | Mortgage  = £112,153/£132,469 (15% paid)

    Goal for 2025:
    1) MFW £3905/£3000



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